11:45 AM EDT, 03/12/2026 (MT Newswires) -- All three major US stock indexes were down over 1% in late-morning trading after three more foreign vessels were attacked overnight in the Persian Gulf amid the ongoing war in Iran, sending oil prices soaring.

The International Energy Agency warned Thursday that the ongoing conflict in the Middle East has led to the "largest supply disruption" in the history of the global oil market. Meanwhile, Iran's Supreme Leader Ayatollah Mojtaba Khamenei said Thursday the Strait of Hormuz should remained closed, Bloomberg reported, citing a statement from the leader published by Iranian state TV. President Donald Trump said Thursday on Truth Social that preventing Iran from having nuclear weapons is "of far greater interest and importance to me" than the state of oil prices. Lastly, Energy Secretary Chris Wright said the US Navy is "not ready" to escort oil tankers through the Strait of Hormuz, CNBC reported Thursday.

In company news, Salesforce ( CRM ) saw muted demand for its $25 billion bond sale through which it seeks to fund a major share buyback amid investor jitters over software companies' AI exposure, Bloomberg reported late Wednesday, citing people with knowledge of the matter. The eight-part offering attracted $50 billion in orders at its peak, trailing levels seen in other recent large deals, the report said. Salesforce ( CRM ) shares were up 3.8% around midday.

Morgan Stanley ( MS ) and Cliffwater capped redemptions from their multibillion-dollar private credit funds after investors sought to withdraw much more than the investment vehicles allow, Bloomberg reported late Wednesday. Morgan Stanley ( MS ) shares were down 4.1%.

Blue Owl Capital (OWL) said its recent $1.4 billion loan sale from three funds was completed on standard market terms with no backstops, hidden incentives or special treatment for buyers, Bloomberg reported Thursday, citing a private investor call. Blue Owl shares were down 0.7%.

Dick's Sporting Goods (DKS) reported fiscal Q4 non-GAAP earnings Thursday of $3.45 per diluted share, down from $3.62 a year earlier but above the FactSet consensus analyst estimate of $2.99. Fiscal Q4 net sales were $6.23 billion, up from $3.89 billion a year ago and above the FactSet consensus of $6.07 billion. The company expects full-year non-GAAP EPS of $13.50 to $14.50 on net sales of $22.1 billion to $22.4 billion. Analysts polled by FactSet expect $14.82 and $22.03 billion, respectively. Dick's also increased its quarterly dividend 3% to $1.25 per share, payable on April 10 to shareholders of record March 27. Shares of Dick's were up 0.3%.

Dollar General ( DG ) reported fiscal Q4 earnings Thursday of $1.93 per diluted share, up from $0.87 a year earlier and above the FactSet consensus estimate of $1.62. Fiscal Q4 net sales were $10.91 billion, up from $10.30 billion a year ago and above the FactSet consensus of $10.81 billion. For fiscal 2026, the company said it expects EPS of $7.10 to $7.35, against FactSet consensus of $7.17. Dollar General ( DG ) shares were down 4%.

Price: 8.93, Change: -0.09, Percent Change: -1.00